As a business leader in the community, the economic future of the Lebanon County is certainly important to you. As a 501 (c) (3) charitable, not-for-profit organization, the Lebanon Valley Economic Development Corporation (LVEDC) has been committed to the wellbeing of the Lebanon Valley for many years, stimulating the local economy and providing economic opportunities for a wide range of businesses and individuals. The LVEDC is the state and locally designated agency that performs economic development activities.
The slowing national economy and the recent closing of six major employers clearly demonstrated that the work of the Lebanon Valley Economic Development Corporation is vital for the continued health of the County. In the past 18 years, the LVEDC has created thousands of jobs and assisted a wide variety of companies with business expansions, such as Bayer Consumer Care, Schott Pharmaceutical, Plain N Fancy Kitchens, ASK Foods and Donald Blyler Offset. The Corporation also recruited such new employers as: Ingram Micro, Sid Tool, Sherwin-Williams, Tyco (AMP), Elk Corporation and most recently, General Mills. We have secured funds for such projects as the cleanup of the Lebanon Steel Foundry in the City of Lebanon.
We know that the economic vitality of the community is important to your business. The LVEDC is the only organization that provides these valuable services, such as recruitment, financing, site location and more to such companies. We would like to offer you the opportunity to invest in the economic future of Lebanon County by joining the LVEDC.
We know that you are an individual who cares about the economic future of the Lebanon Valley. We feel that work of the LVEDC is critical in strengthening the community and economy of Lebanon County and we ask that you please review the following information regarding our recent membership initiative.
Every new primary job that comes to a community brings with it a large amount of other business. A new worker will eat at restaurants, shop in stores, visit doctors, use banking services, read the newspaper, refuel an automobile, make phone calls, and purchase a wide variety of items, and may send a child to school, use accounting services, request legal advice, or enjoy recreational facilities - all increasing the economic wellbeing of the area. Each new primary job will create indirect jobs - waiters, store clerks, hospital workers, bankers, and other service positions - and will create revenue above and beyond its wage rate.
When the LVEDC helps to recruit a business to the Lebanon Valley, the impact of that new business resonates throughout the County, and brings numerous benefits to many different sectors. The following is a description of how one new company will influence the rest of the community.
Total yearly investment in Local Economy exceeds $20,000,000.00.